Assets flowing into exchange-traded funds via the retail and institutional channels saw a 17 percent increase last year, rising to $2.08 trillion, Broadridge Financial Solutions said in a report Monday.
The report coincided with the release of a PricewaterhouseCoopers forecast projecting ETF assets would double to at least $5 trillion by as soon as 2020.
“Institutional investors are widely expected to be the primary global growth driver with insurance companies, pension plans and hedge funds projected to be significant sources of demand for ETFs,” PwC said.
Also read: ETFs may not be as cheap as you think
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